Momo, a Chinese location-based meeting and messaging app with 60 million monthly users, filed on Friday with the SEC to raise up to $300 million in an initial public offering.
The company includes September IPO Alibaba ( BABA ) among its primary shareholders.
Momo could be the second China-based social network to IPO in the US this year; Weibo ( WB ) has gained 12% since its April IPO. Another app with a dating angle, Zoosk ( ZSK ), has been on file for a $100 million IPO since April.
The Beijing, China-based company, which was founded in 2011 and booked $17 million in sales for the 12 months ended June 30, 2014, plans to list on the NASDAQ under the symbol MOMO. Momo initially filed confidentially on June 13, 2014. Morgan Stanley, Credit Suisse, J.P. Morgan and China Renaissance are the joint bookrunners on the deal. No pricing terms were disclosed.
The article The Alibaba-backed Tinder of China: Momo files for a $300 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
